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  • Bank of America

    Hard Time for Chalk Crime

    It may or may not be true that, as some seem to believe, not a single cop in the history of the Las Vegas Metropolitan Police Department (MPD) has been criminally “charged after shooting someone, even if that person was unarmed and/or innocent.” What is true, is that making this … More

    Writing with Sidewalk Chalk Can Earn You Hard Time?

    Jeff Olson has no criminal record, has hurt no one, and has done no significant damage to anyone’s property. And he nearly ended up in prison. His crime? Writing on the sidewalk—with washable chalk. Olson wrote a series of protest slogans between February and August 2012 on public sidewalks in … More

    Countrywide Gave VIP Loans to Top Policymakers, Regulators

    The now defunct Countrywide Financial Corp. issued hundreds of discounted loans to government officials and Fannie Mae employees in order to build clout with influential policymakers, a new House report shows. The report, issued by the House Oversight and Government Reform Committee, details several Countrywide VIP loans that were given … More

    Blame Dick Durbin for Bank Fees

    Bowing to competitive pressures, Bank of America yesterday scrapped plans to impose a monthly debit card fee. The proposed charge antagonized customers and provoked vitriol from politicians all too eager to deflect blame for the dumb regulations that prompted the fee in the first place. But as much as one … More

    House Members Ask DOJ to Investigate Bank Fees -- Will the Trail Lead Back to Them?

    When Bank of America announced a new $5 debit card fee in late September (along with a slew of other banks), President Barack Obama condemned it, and yesterday some Democrat Members of Congress called on Attorney General Eric Holder to launch an investigation. Unfortunately, they’re setting their sights on the wrong target. Instead … More

    VIDEO: Senator Says Confirming Consumer Czar Would Be 'Devastating'

    Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His confirmation to run the new agency faces fierce opposition from Republicans, who have vowed to block Senate approval until reforms are made to the agency. Sen. … More

    Morning Bell: Ready for A Debit Card Tax?

    Use a debit card? Now it’s really going to cost you. Bank of America announced last week that it will begin charging customers $5 per month for use of their debit cards. But if you’re looking for someone to blame, set your sights on Washington. Bank of America is imposing … More

    Here Comes the Durbin Tax

    As if further evidence actually is needed, Bank of America on Thursday demonstrated yet again how government price controls inevitably harm consumers—and low-income consumers the most. In this instance, the nation’s largest bank (by assets) announced on Thursday a new $5 monthly fee for use of a debit card. Several … More

    Morning Bell: What's the Worst Part of This Bill?

    Today the Senate is scheduled to vote on the housing bailout bill that has been circulating on Capitol Hill for so long its title today is simply “a bill to provide needed housing reform and for other purposes.” When a bill’s title includes the phrase “and for other purposes,” you know … More

    Integrity of the Senate at Stake

    The Washington Post may have shifted its coverage of the Wall Street bailout bill from the front page to the business section, but the newspapers in Connecticut, Sen. Chris Dodd’s home state, are rightly keeping up scrutiny of the relationship between the Democratic senator and the banks that would benefit … More